Renee McKibbin, Crawford School of Public Policy, Australian National University; Peter M. Downes, Crawford School of Public Policy, Australian National University, and Warwick J. McKibbin, Crawford School of Public Policy, Australian National University
Done right, JobMaker can support 100,000 jobs, but it’ll have to happen soon.
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The pandemic has hit young people very hard. The long-term costs of having them neither studying nor working more than justify investment in a national program to help them enter the workforce.
The young people in this 2017 video game are unemployed or working dead end jobs or living with their parents while pondering an uncertain future. It’s a bit like life today, in a time of pandemic.
COVID-19 will worsen the labour market for Indonesia’s young graduates in three ways: higher barriers of entry into the job market, long lasting lower income levels, and worsening labour conditions.
Western Sydney’s growth-driven boom had ended before COVID-19 hit. Some neighbourhood unemployment rates were 2-3 times the metropolitan average, with female workforce participation as low as 43%.
Four decades on, and commencing retirement, Australians who entered the labour market during the 1970s recession are less happy than those born earlier or later.